Is Money Laundering a White-Collar Crime?
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Miami White-Collar Criminal Defense Attorney Explains Money Laundering
What is money laundering? The typical image that comes to mind when imagining money laundering involves the drug trade, but money laundering is a much broader subject than just drug trafficking. In this video, Miami litigation attorney Curtis Miner explains money laundering from a big-picture perspective.
Our attorneys handle white-collar criminal defense for charges such as money laundering, bank fraud, insider trading and others to clients in Miami.
When you hear the phrase money laundering, the first thing that probably comes to mind is people who are laundering the money of drug cartels or narco traffickers, but what’s covered by money laundering is really much broader than that. And money laundering can be any financial transaction, whether it’s by a bank or a middleman, that is done in furtherance of some other form of unlawful activity. So, not all money laundering relates to drug trafficking or narco trafficking. Money laundering can be a much more traditional white-collar crime. It can be financial transactions done to either conceal or hide the proceeds of a fraud. So money laundering is really much broader than just the drug realm.